- The BTC price closed the previous day’s trade at INR 34,38,902.03 with a market capitalization of INR 90200 Crores and a circulating supply of 1,89,98,762 BTC
- Bitcoin is consolidating hard and attempting to sustain above INR 35,50,55,000 until the quarterly close
- However, the upcoming Q2 is expected to be more thriving as the asset aims to hit INR 37,86,76,000 in the first few days of Q2 trade
Bitcoin Price Analysis: How High Will BTC Crypto Price Go in April 2022?
Bitcoin price currently is swinging within a minor range and attempting to hold the INR 36.09 Lac levels. However, the monthly and the quarterly close are on the toes which may induce extreme volatility irrespective of the direction. If the BTC price closes the Q1 trade above INR 40 Lac, then a significant uptrend may be witnessed since the beginning of Q2.
A huge chance of a pullback may encounter the rally ahead as the BTC price has reached these levels after a long time. But if the price sustains above INR 40 Lac then a significant chance of the asset to set up healthy uptrend surfaces. And hence may utilize all its resources to head towards the INR 50 Lac target by the end of April 2022.
Bitcoin Price Prediction: Will Bitcoin Price Hit INR 75 Lac in 2022?
Bitcoin is almost half the way to achieving the much-speculated target at INR 75 lac. However, the asset has witnessed a couple of pullbacks in an attempt to range toward this target. And hence a similar trend may be witnessed if the price again ranges close to INR 55 lac. As the possibility of the traders squeezing out profits are high, the price may face another bearish trend as it surpasses INR 50 lac or INR 52 lac. Therefore, with enhanced trader confidence and market sentiments, the price may reach the desired target of INR 75 lac.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
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